The Portuguese economy is no longer sinking

Unemployment declined and employment increased. The interest rates on government debt are decreasing. However the framework of the Portuguese economy has remained unfavorable in 2013. The reduction of public expenditure Portuguese declined for the third year, reflected in personnel expenses and costs of procurement of goods and services.

Ireland is out of the scope of the troika without insurance program precaution, even though it may come to use it later. The crisis in the euro area is controlled, but not resolved. Portugal is able to enter a new phase. Depends who directs the destinies of Portugal. The government, the opposition, the President and the Constitutional Court. But still the deteriorating situation in the labor market, especially the reduction of the workforce, job losses, significant growth of long-term unemployment.